Budgeting Persuasive Essay

Scientists show that the United States is one of the richest countries and that our teens are overpowering their authority. By giving in to your children plan your child is suffering. The parents are teaching their kids to be lazy and that money will fall out of the sky for them. In this hardship there can be no money wasting when the balance of our economy is at hand.

After reading the arguments in, “Is It Fair to Pay Teens Less Than Adults?” it is evident that teens should be paid the same as adults. To begin, the author states, “Teens often need jobs as much as any other worker.” Everyone needs money. Money is one of the main things people use to live in this day and age. Money buys the main necessities such as food, water, clothing, and shelter, so even if someone is just a teenager, they may need to save up for later in their life. Next, the article says, “The health of the U.S. economy depends heavily on consumer spending, and teens spend more than $250 billion a year.” If teenagers didn’t have money to spend, the economy would be greatly affected. Decreases in prices could lead to an unstable economy,

Along with this we learned about money management, and how to live within our means as a student to avoid debt or have less debt than what has currently been predicted. As currently budgeting can make a difference for a student especially for my financial outlook. Being a college student tuition fluctuation continues to rise, budgeting can however lower and eliminate your financial debt you may fall into. Because of the amount of money required to spend on finances budgeting can help you manage this bump in the road. Having a monthly budget helps you with pre-planning so you can maintain a higher goal that is constantly evolving. Especially in your potential career in order to succeed in order

How to properly manage money is something that should be taught to young people because it is a very important asset in everyday life. “Total consumer debt in the United States stands at nearly $2.6 trillion dollars. That works out to be nearly $8,500 in debt for every man” (Anderson). Many times teenagers are known for “throwing away” their money by spending it on unnecessary things. This is something that could easily be avoided if students were taught the proper techniques on saving and spending money. There are many different skills that students could learn if personal finance was taught in the school system. Managing money is one of those very important skills and would help to lessen the number of young people spending irresponsibly instead of

Their reliance on their parents to budget their fun constantly leaves them out of luck and begging friends for loans. From my experience, racking up debt with friends can undesirably strain relationships. The inconvenience of scrounging off their parents fosters uncertainty and slowly degrades their pride. Lacking funds to afford an event institutes awkward situations and takes away the freedom to obtain wants and needs. Furthermore, being a parasite to my parent’s finances caused me grief, as I felt like I was being needy and did not earn what I had received. Every person has current expenses that will come up unplanned. Having money saved yields people to be prepared for emergency situations. For example, if I break the screen on my phone, I am going to be the one to have to pay for it. Saving money provides for these times of distress, all while providing convenience and more free will to spend.

A budget is something I take as seriously as education: without it, you’d be nowhere but miserable. My mother racked up a lot of debt before leaving my dad and I. She was and is legally supposed to send child support, but she never has. My dad spent until 2008 trying to repay the debt she left us with while she was living in Hawaii buying multiple cars and living in luxury. When I was old enough to understand this, I promised myself that I would never go into debt if I could help it. At my school, Personal Finance is a graduation requirement; while some students were complaining that we were only watching Dave Ramsey “ramble on”, I took it with all seriousness. I would rather listen to Dave Ramsey talk about budgeting on the radio in exchange of not going $60,000 in debt and losing my house because the payments are too steep. As Calvin Coolidge once said, “The only way I know of escape from that constant tragedy is to keep running expenses low enough so that something may be saved to meet the day when earnings may be small.” Knowing that President Coolidge not only shared this value, but practiced it in everyday life as well, made me respect him even more than I already

Personal budgeting is an important factor in regards to successful long term financial stability. Budgeting has many great aspects as well as showing areas of weakness. It can show the truth about your personal financial spending habits, areas that are not looked at enough, and if there are needs for a larger emergency fund. The reality of personal budgeting is that many people potentially do not keep a personal budget for one reason or another. People also don’t consider the negative effect that it could have on one personally and or how it effects the economy.

That would be $30,000 saved in the bank, just by making a simple change. If I were to raise my kids to be conscious of what they were spending their money on and how their purchases were really going to end up benefitting them, then that would make it much easier on them in the long run. They would be able to be more money conscious from the beginning, and not develop unnecessary spending habits. Eventually, It is not only going to be my discretionary spending, it will be my husband’s discretionary spending and also my kids. That would be at least tripling that value, and that is

As stated, “ Third, it appears that the excitement of earning large amounts of spending money may itself make school seem less rewarding and interesting”(473) I wanted to start earning more money in order to buy myself things that I did not need, but I just wanted. I also did not want to rely on an allowance every two to three weeks of a minimum of a hundred dollars from my parents from doing chores around the house. Teens, such as myself, spend money on food, clothes, or shoes that are not needed but just bought too show off or to have something new. Most of the time the purchases that we make are out of impulse or a simple “I have money I am going to buy it.” I know for a fact that I do that a

creating budgets can help you save your money. Another thing it can help with is setting goals. this goes along with saving and creating budgets so you can afford, for example a car, or a house in the future.

Budget is the major financial and economic statement. The role of the budget is to keep track of the money coming in and the money going out. It is essential part of running any business effectively. It can help make a short and long term projections about financial situation, avert a financial crisis and plan for major financial changes.

As I become older, I am taking on more financial responsibilities as well. Learning how to create and maintain a budget is not only a skill that I will use in my future career, but it is a skill I can use right now in my life. Sure, I always kept my bills paid, but I never thought to write out an actual budget. I found the idea needless and time consuming. However, after reading this chapter I learned that writing out a budget is a good way for you to visually see where your money goes. Also, on page 60 the book mentions how some child care centers are funded through charity or public funds, I imagine that these organizations will want to see where their money is going in the business they are helping to support. It is better for to get into the habit of writing out and sticking to a budget now because in the future, organizations may want to see a copy of it for their

The United States Department of Education has made many budget cuts that effect many schools across the country. Budget cuts are a problem that schools across the United States are seeing more and more since the 2016 presidential elections. These funding cuts are affecting students and teachers nationwide. School budget cuts are not something people should be worrying about in this time, education is very important and student’s educations are extremely valuable. Many schools are losing money for programs such as arts, theatre, and music programs. Some schools are even getting shut down from the actions.

Budgeting is the systematic method of allocating financial, physical, and human resources to achieve an organization’s strategic goals. Budgets are utilized by for-profit and non-profit organizations to monitor the progress towards the goals, assist in the control of spending, and help predict cash flow for the organization.

A budget refers to a financial plan that represents the allocation of the income to various expenditure channels such as expenses, savings, and debt repayment. A personal budget is important because avoiding financial surprises and keeping financial stress down helps avoid a crisis and allows you to focus on your overall goals. You cannot avoid all risks in life but if you plan your finances to live within your means, you can avoid being kicked out of your home, losing your car and other terrible things that a solid budget would help you avoid. Knowing what you can afford is a central life skill. Unfortunately, many do not budget even though they know they should (Wagoner, 2012).